D R Horton 6-14-19 offerrt-R-rlo
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Friday, June 14,2019
Collier Cormty Board of County Csmmis5i6nsrs
c/o Michael Dowling
ReaI Property Management
3335 East Tamiari Trail, Suit elol
Naples, FL 34112
Re: Randal Curve Propety, Collier County, FL
Dear Commissioners,
D.R Horton is pleased to present for your review and consideration this proposal for the purchase of the
"R ndall Curve Property", Golden Gate Estates Unit 22, Tract A, Collier County, Florida (See Exhibit
'F)
DR Horton is America's largest homebuilder. Our SWIL division has constucted over 176 homes in
Collier Couty during the past 12 months, in Golden Gate Estates, at Barrington Cove, Hadley Place,
Mockingbird Crossing, and Naples Reserve.
We envision a mixed-use master plan community on the Randall Curve Property, with three major
components:
RESIDENTIAL: In order to preserve and protect the existing Estates neighborhoods off46 St NE,
Horton proposes to develop walkable residential neighborhoods totaling approximately 188 worlforce
and retiree homes in a mix of for sale one and two story single-family and twin villas, arnenitized with
passive and active open space, lakes, and recreation facilities. The primary access to these neighborhoods
will be from sigralized 46 St I.IE., with possible secondary access from the signalized intersection of
knmokalee Road and Orange Tree Boulevard.
COMMERCIAL: Ia order to provide additional commercial capacity near the existing Publix center,
while not overwhelming the rural character of the Estates, o. pffiq-impafued lmmokalee Road, until
thousands of commercial square feet come on line within emerging Rural Villages and Towns, Horton
proposes to provide for 50,000sf of BusinesVRetail. The proposed BusinesVRaail is to be located
contiguous to and is proposed to be integrated with BCHD Partrer's contemplated cornmercial property.
Proposed access to the BusinesVRetail is at the signalized intersection of Immokalee Road and Orange
Tree Boulevard.
CfVIC: In collaboration with Collier Cormty Transpodation, Horton proposes a re-imagineering of the
existing 9-acre flarrsportation Stormwater site, to include, for exarnple, a landoark water featue,
walking and bike paths, and select parkJike amenities.
The foregoing shall serve as a conceptual description ofDR Horton's Proposed Project.
BIIYER:
PROPERTY:
PURCHASE PRICE:
DEPOSIT:
CORPORATE
APPROVAL PERIOD:
EFFECTIVE DATE:
INSPECTION PERIOD:
APPROVAL PERIOD:
EXTENSIONS TO
APPROVAL PERIOD:
CLOSING:
D.R. Horton ("Horton")
10541 Six Mile Cypress Pkwy, Ste 100
Fort Myers, Florida 33966
Att: Oliver Bacovsky, Director of Land Acquisition
Telephone: 239 -225 -2648
Email : obacovskv@drhorton.com
Golden Gate Estates Unit 22, Tract d less that portion ofTract "A" as
described in OR 3080 PG723, as amended in OR 4079 PG 1358,
(Folio#37690040003).
$3,825,000 in Cash at Closing.
One Hundred Twenty-Five Thousand Dollars ($125,000) deposited into
escrow within 5 days following the Effective Date of the Purche<e and
SaJe Agreement. Following the Inspection Period, the Deposit shall be
non-refirndable excep in the case of default by Collier County or in the
event of Horton's failure or inability to secure Horton's Development
Permits, as described below.
Shall be the period ofThirty (30) days following the date on which Collier
County and Horton execute the Purchase and Sale Agreement @xecution
Date).
Shall be the date on which Corporate Approval is received.
Shall be Sixty (60) days from the Effective Date. Should Horton find the
Property suitable for Horton's Proposed Project, Horton will deliver a
Notice of Suitability (NOS').
Shall be the period of Twenty (20) months following rhe delivery of
Horton's NOS, during which Horton shall apply for, pursue and secwe
final approval of any rezone, and any amendment(s) to the Collier
County Growth Management Plan and./or Land Development Code, and
such USACOE and SFWMD permits as may be requhed for Horton's
Proposed Project ("Horton's Development Permits").
If Horton has beeu acting in good faith, but receipt of Horton's
Development Perrrits has been delayed, the County Manager may extend
the Approval Period by up to an additional Six (6) months.
Shall occw Thirty (30) days following Horton's receipt of Horton's
Development Permits, but not more than Twenty Four (24) months from
Execution Date, unless extended by the County Manager as described
above.
Horton shall pay for surveys. The cost of Title Policy, Documentary
Stamps, and Recording Fees shall be shared equally between Seller and
OTHER:
Horton. Escrow Deposit and Closings to be held at the office of Nelson
Mullins Broad and Cassel.
BROKER:Ross W. Mclntosh ('Mclntosh") is acting as Transaction Broker. From
proceeds at Closing, Collier County shall pay Mclntosh a ReaI Estate
Brokerage Fee of Three Percent (3%).
We look forward to the Commissioner's favorable response to this proposal, to working with the
Commission, County Staff, neigbbors and other stakeholders in the refinement ofthe pla4 and towards
execution of a project which will meet the needs of Collier County.
We are standing by to be immediately responsive to any questions you may have. Thaok you for your
consideration of this proposal.
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